Australian Dollar dips after lower-than-expected inflation data AUDUSD Australia Technical Analysis Fundamental Analysis
hawkish stance from the Reserve Bank of Australia going forward. Traders now await the Federal Reserve’s July meeting to conclude later on Wednesday and the publication of their statement of monetary policy for further directional cues. Australian Dollar news and market movers
The Reserve Bank of Australia’s preferred gauge, RBA Trimmed Mean CPI, measured quarterly, increased by 5.8% YoY in Q2 versus the 6.0% rise estimated and the 6.6% of Q1.Inventory data from the American Petroleum Institute showed a rise in stockpiles suggesting lower demand and weighing on Oil, one of Australia’s key exports. This acts as a headwind for the Aussie.
The opposite is true if the Fed indicates it may have reached peak rate or even talks about possibly bringing rates down in 2024. Likewise, the 0.6458 low established in June is a key level for bears, which if breached decisively, would give theAustralian Dollar vs US Dollar: Weekly Chart
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Technical Analysis: The Recovery of the Dollar Halts GoGold losses reached the support level of 1956 dollars an ounce, before prices stabilized around the level of 1965 dollars an ounce.
Read more »
Analysis | 5 things to watch for if Trump is indicted againAnalysis: The political world is watching closely to see if and when Donald Trump is indicted — again. While we don’t know for sure that charges are coming or when they might land, here are a few things to watch for if they do.
Read more »
EUR/JPY Price Analysis: Decent resistance turns up around 158.00EUR/JPY comes under some moderated downside pressure and retreats to the low-156.00s following Friday’s YTD tops just above 158.00 the figure. In the
Read more »
EUR/USD Price Analysis: Next support of note comes at 1.1000EUR/USD keeps the bearish note unchanged and breaks below the key 1.1100 support to print new 2-week lows on Monday. Further losses seem in store for
Read more »
Analysis: Spain's Vox party stumbles, testing limits of European far-right advanceThe far-right Vox party lost seats in Spain's elections on Sunday, staving off the prospect of a first hardline nationalist-backed government since General Francisco Franco's dictatorship and pointing to limitations in the European far-right's bid for the mainstream.
Read more »